PIEDMONT EDUCATIONAL FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

RYAN EDWARDS

Phone

8283227550

Tax Period

2017-06-01 to 2018-05-31

PIEDMONT EDUCATIONAL FOUNDATION INC, founded in 1946, is a small nonprofit that reported $570K in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $96K, a strong 17% operating margin.

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED AND FOR WHICH IT SHALL BE MAINTAINED ARE TO AID, ASSIST AND PROMOTE BY DONATIONS AND OTHERWISE LENOIR RHYNE COLLEGE, HICKORY, NORTH CAROLINA, AND, IN THE INTEREST OF SAID COLLEGE, TO PROVIDE SCHOLARSHIPS AND OTHER AIDS TO WORTHY YOUNG PEOPLE DESIROUS OF OBTAINING EDUCATION IN ATTENDANCE AT SUCH COLLEGE AND TO ASSIST BY GRANT, DONATION, OR OTHERWISE, THE TEACHING STAFF AND FACULTY OF SUCH COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $150,000

ATHLETIC SCHOLARSHIPS OF $150,000 PER YEAR

Program 2

Expenses: $84,550 Revenue: $38,187

MEMBERSHIP SUPPORT/TICKETS

Program 3

Expenses: $49,710

DESIGNATED GIFTS (PROGRAM SUPPORT) TO LENOIR-RHYNE UNIVERSITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $401,681

Program Service Revenue $36,880

Investment Income $12,490

Other Revenue $119,014

TOTAL REVENUE $570,065

Expense Breakdown

Grants Paid $199,710

Salaries & Benefits $120,965

Fundraising Expenses $171,722

Program Expenses $288,283

Other Expenses $153,821

TOTAL EXPENSES $474,496

Year-over-Year Comparison

	2017	2016	Change
Revenue	$570,065	$608,698	-0.1%
Expenses	$474,496	$1,110,717	-0.6%
Net Income	$95,569	$-502,019	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$644,330

Total Directors

$451,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB FINCHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON PORTER	TREASURER	1.00	Officer Director	$0	$0	$0
BEN BUNDY	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRI LIVINGSTON	MANAGING DIRECTOR	1.00	Officer Director	$54,104	$18,682	$72,786
BLAIR CODY III	TRUSTEE	1.00	Director	$0	$0	$0
BRENDAN MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
BUSTER MANN	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN MORETZ	TRUSTEE	1.00	Director	$0	$0	$0
CINDY CHAPPELL	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL BRITTAIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVE ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID BLACK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
ED BYRD	TRUSTEE	1.00	Director	$0	$0	$0
FRED BROWN	TRUSTEE	1.00	Director	$0	$0	$0
INGRID SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JAMEIL SURRATT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MORETZ	TRUSTEE	1.00	Director	$0	$0	$0
JON SWIFT	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE KENWORTHY	TRUSTEE	1.00	Director	$0	$0	$0
LINDA WATTS	TRUSTEE	1.00	Director	$0	$0	$0
MARCELLENA TEAGUE	TRUSTEE	1.00	Director	$0	$0	$0
MARVIN EVERETT	TRUSTEE	1.00	Director	$0	$0	$0
MATT WINTERS	TRUSTEE	1.00	Director	$0	$0	$0
NOAH GEOGHEGAN	TRUSTEE	1.00	Director	$0	$0	$0
PEDIE KING	TRUSTEE	1.00	Director	$0	$0	$0
PERRELL BESS	TRUSTEE	1.00	Director	$0	$0	$0
RHETT DURHAM	TRUSTEE	1.00	Director	$0	$0	$0
ROGER MAXEY	TRUSTEE	1.00	Director	$0	$0	$0
ROGER YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
ROSS PENLAND	TRUSTEE	1.00	Director	$0	$0	$0
SAM HOLTSCLAW	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BOWMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE MULL	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DEAL	TRUSTEE	1.00	Director	$0	$0	$0
TOM GUTHRIE	TRUSTEE	1.00	Director	$0	$0	$0
DR FREDERICK K WHITT	TRUSTEE	1.00	Officer Director	$0	$43,357	$378,311
PETER KENDALL	VP FINANCE	1.00	Officer	$0	$25,222	$193,233

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2018	$570,065	$474,496	$458,545	$95,569